The SEC’s plan to establish a Consolidated Audit Trail (CAT) has made significant progress in the last six months with the change of plan processor, the publication of new implementation dates, final technical specifications and a series of industry working sessions on key topics. The industry should now be registering with the CAT plan processor and preparing to start reporting in less than a year.
Although reporting dates have been pushed back, there is still a great deal of preparatory work to complete over the next year. Based on lessons learned from helping clients remediate regulatory reporting issues, particularly with voluminous data sets, we have identified several key considerations for industry members as they prepare their systems, people and operational processes.
This regulatory brief describes key considerations for industry members as they prepare to test and ultimately submit reporting to the CAT.
A publication of PwC's financial services regulatory practice
Financial Services Leader, PwC US